The earnest money deposit is very important to a real estate transaction. This is the money a homebuyer pays to the seller when making an offer, to show that the offer is serious. The earnest money … [Read more...]
Why did my neighbor get a better mortgage rate?
There are numerous reasons some people get a better mortgage rate, including their credit score. Other factors that can impact the mortgage rate you'll receive include the loan-to-value (LTV), type … [Read more...]
Advantages of Buying a Home with a Renovation Mortgage
There are numerous advantages to buying a home with a renovation mortgage. Homebuyers can purchase a property that needs renovation, and add funds for the renovation to the mortgage. One of the … [Read more...]
Conventional 1% Down Payment Mortgage – The Lender Contributes 2%
It's not always easy to find a low down payment mortgage, especially if you would like to avoid the high cost of mortgage insurance (MI). But now, qualified borrowers can get a conventional … [Read more...]
Low Down Payment Mortgage Options
There are several low down payment mortgage options that benefit homebuyers, as well as homeowners who refinance their home. In this video, Mary Catchur reviews several of these low down payment … [Read more...]
How to Select a Tampa Mortgage Broker
Homebuyers in Tampa can benefit from using a Tampa mortgage broker to finance a home purchase, just as homeowners can benefit from using a local mortgage broker to refinancing an existing … [Read more...]
Get Pre-Qualified For A Mortgage Before Shopping For A Home
One of the most important things a homebuyer can do is get pre-qualified before shopping for a home. In a report by the U.S. Department of Housing and Urban Development, there is a list of 9 steps … [Read more...]
Changing Jobs While Getting a Mortgage
There are a lot of things to watch out for when getting a mortgage, including making a job change. In this video, Mary gives you a good idea of what is possible when getting a job offer, as you go … [Read more...]
What is your debt-to-income ratio? Questions we ask borrowers.
The debt-to-income ratio is one of the main criteria lenders use to determine whether you are qualified for a mortgage loan. It is a good indicator of your ability to repay the loan in the … [Read more...]
Long-Term Vacant Housing in the United States
Dr. Raven Molloy, Senior Economist for the Federal Reserve Board of Governors discusses Long-Term Vacant Housing in the United States, as part of the REALTOR® University Speaker Series. Dr. Molly … [Read more...]
